RELATIONSHIP AMONG R&D, PRODUCTIVITY, AND FIRM EXPORTS: THE MODERATING ROLE OF CREDIT CONSTRAINTS

Dengjun Zhang, Ermanno Affuso, Jan Buleca, Peter Toth and Rudresh Pandey
Additional contact information
Dengjun Zhang: UiS School of Business and Law, University of Stavanger, Norway
Ermanno Affuso: Mitchell College of Business, University of South Alabama, Mobile, USA
Jan Buleca: Faculty of Economics, Technical University of Kosice, Slovak Republic
Peter Toth: Faculty of Economics, Technical University of Kosice, Slovak Republic
Rudresh Pandey: Oslo Business School, Oslo Metropolitan University, Norway

Studies in Business and Economics, 2025, vol. 20, issue 1, 281-292

Abstract: Innovative and productive firms are more likely to export and earn a great intensive margin. However, credit constraints may disconnect or distort the linkage between export determinants and export margins. In this study, we explore whether credit constraints affect the role of R&D and productivity play in export propensity (whether a firm exports or not) and export intensity (export share in total annual sales). Using data on Indian manufacturing firms, our empirical results indicate that, while limited access to finance does not affect the R&D–exports linkage, it prevents productive firms from obtaining great export intensity. We also test whether credit constraints affect the roles of other determinants in export margins.

Keywords: Credit constraints; Exports; India; R&D; Productivity (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://magazines.ulbsibiu.ro/eccsf/RePEc/blg/journl/20116zhang.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:blg:journl:v:20:y:2025:i:1:p:281-292

Access Statistics for this article

More articles in Studies in Business and Economics from Lucian Blaga University of Sibiu, Faculty of Economic Sciences Lucian Blaga University of Sibiu, Faculty of Economic Sciences Dumbravii Avenue, No 17, postal code 550324, Sibiu, Romania. Contact information at EDIRC.
Bibliographic data for series maintained by Mihaela Herciu ().